MongoDB (NASDAQ:MDB) Reaches New 12-Month High – Here’s What Happened

MongoDB, Inc. (NASDAQ:MDB) shares hit a new 52-week high during trading on Monday . The stock traded as high as $385.44 and last traded at $377.4710, with a volume of 722936 shares trading hands. The stock had previously closed at $359.82.

Analysts Set New Price Targets

A number of analysts have weighed in on MDB shares. Needham & Company LLC boosted their target price on shares of MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. JMP Securities upped their price objective on shares of MongoDB from $345.00 to $375.00 and gave the company a “market outperform” rating in a report on Friday, September 19th. Citizens Jmp upped their target price on shares of MongoDB from $375.00 to $435.00 and gave the stock a “market outperform” rating in a report on Tuesday. Robert W. Baird upped their price objective on shares of MongoDB from $260.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Finally, UBS Group increased their target price on shares of MongoDB from $310.00 to $330.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $352.89.

MongoDB Stock Performance

The company has a market cap of $28.54 billion, a PE ratio of -357.24 and a beta of 1.52. The business’s 50-day moving average is $325.34 and its 200 day moving average is $246.39.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, August 26th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The business had revenue of $591.40 million during the quarter, compared to analysts’ expectations of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.MongoDB’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 EPS. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $345.00, for a total value of $1,380,000.00. Following the sale, the director owned 1,065,316 shares of the company’s stock, valued at $367,534,020. This trade represents a 0.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the sale, the director directly owned 32,293 shares in the company, valued at approximately $10,394,147.91. This trade represents a 38.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 107,493 shares of company stock worth $33,830,023. 3.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MongoDB

Large investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in MongoDB in the 1st quarter worth $26,000. Cullen Frost Bankers Inc. boosted its stake in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. Montag A & Associates Inc. boosted its stake in shares of MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. Promus Capital LLC bought a new stake in shares of MongoDB during the 2nd quarter valued at about $36,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of MongoDB by 2,825.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.